Russell Investments Group Ltd. Has $4.69 Million Holdings in Berry Global Group, Inc. (NYSE:BERY)

Russell Investments Group Ltd. lifted its position in Berry Global Group, Inc. (NYSE:BERY) by 38.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,563 shares of the industrial products company’s stock after buying an additional 20,037 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Berry Global Group worth $4,693,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Greenleaf Trust raised its stake in Berry Global Group by 3.5% in the 4th quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 149 shares during the period. CIBC Asset Management Inc raised its position in shares of Berry Global Group by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 170 shares during the period. M&T Bank Corp lifted its stake in shares of Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after buying an additional 173 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Berry Global Group by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company’s stock worth $649,000 after buying an additional 241 shares during the period. Finally, UMB Bank n.a. grew its stake in Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after buying an additional 306 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Berry Global Group Price Performance

BERY stock opened at $68.37 on Tuesday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week high of $74.24. The company has a market capitalization of $7.92 billion, a P/E ratio of 17.05, a PEG ratio of 1.54 and a beta of 1.14. The company has a fifty day moving average price of $69.63 and a 200-day moving average price of $68.53.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 earnings per share. As a group, equities analysts expect that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s dividend payout ratio (DPR) is presently 30.92%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their price objective on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. StockNews.com assumed coverage on Berry Global Group in a report on Thursday, April 10th. They issued a “buy” rating on the stock. Finally, UBS Group lifted their target price on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.56.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.